Thursday, June 29, 2017

Sellers Showed Up 6-29-17

Market went through a roller cost day. Opened down, popped up, then dropped below open.  RUT and SPX are still inside their current balance area. It's a little unusual that SPX lost (-0.86%) more than RUT (-0.62%).  NASDAQ lost even more (-1.44%). Is RUT still a leading index? Tomorrow is end of week, month and quarter. It could be a bit more volatile, then the earning session begins again.

Made 14 trades in this busy day. My last 2 ITM positions were rolled out though may not be the best timing. but collected some premiums. I sold some August bull puts for clients and myself, also hedged both puts and calls.

Net liq recovered 6K. Margin ratio is back to 70% till the weekend anyway. It's improved but not out of the woods yet.

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